Italian Bank Chiefs Confident on Funding

LONDON—Italian bank executives say they have plenty of funds on hand to weather Europe's intensifying financial crisis, even if affordable wholesale funding is unavailable.

Intesa Sanpaolo SpA, Italy's largest bank, announced Friday that it has already secured 83% of its funding needs for the entire year. "We could even do without the wholesale market for the rest of the year and for 2012, even though this is not our...